Ericsson announces layoffs

Telecommunications equipment manufacturer L.M. Ericsson Telephone Co. is announcing a series of cost-reduction measures that will include hundreds of job cuts.

The company’s manufacturing workforce in Kumla, Sweden, will be reduced from 3,200 to 1,700 employees, Ericsson said in a statement Tuesday. An additional 600 jobs will be eliminated in Link

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Jim Love, Chief Content Officer, IT World Canada

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